Allianz : Allianz likely delivered on its 3-year renewal agenda targets
>Forecasting net profit of € 1,732m for Q4 2018e - Allianz is due to report its Q4 2018 results on 15 February. We estimate group Q4 2018e results as follows: i/ operating profit of € 2,762m, up 0.1% yoy (consensus: € 2,720m); ii/ net income of € 1,732m, up 21.3% yoy (consensus: € 1,700m), implying an annualized ROE of 11.3% for the quarter; iii/ a decline of the Solvency II ratio from 229% to 223% in Q4 2018e triggered by credit spread widening and a decline of equit...Allianz is engaged in the provision of a range of insurance and asset management products and services. Co. has three business segments: Property-Casualty, which provides insurance products to both private and corporate customers, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit and travel insurance; Life/Health, which provides life and health insurance products including annuities, endowment and term insurance, unit-linked and investment-oriented products and private health and supplemental health and long-term care insurance; and Asset Management, which provides institutional and retail asset management products and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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